|Bid||0.00 x 3200|
|Ask||0.00 x 1300|
|Day's Range||23.43 - 24.91|
|52 Week Range||20.93 - 31.96|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||6.32|
|Earnings Date||May 07, 2020 - May 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.44|
Investors gave ViacomCBS a big thumbs down over its first report card since THE TWO COMPANIES REUNITED. THE media conglomerate posted a quarterly loss, and its adjusted earnings tumbled, FALLING far short of analysts' estimates. CBS and Viacom finally completed their merger in December after multiple attempts had failed. That reunited media mogul Sumner Redstone's entertainment empire, combining CBS News and Showtime with Nickelodon, Comedy Central and Paramount movie studios. Prompting the remarriage: an increasingly competitive landscape dominated by Disney and Netflix. TO TAKE ON THAT COMPETITION: ViacomCBS also revealed plans to create a new streaming video service built off of its existing CBS All Access service that will offer free, paid and a premium tier subscription service. The disappointing results sent shares of ViacomCBS down more than 15% in early trading Thursday.
ViacomCBS Inc. (NASDAQ: VIAC), born out of the merger of CBS and Viacom, reported Thursday its first-ever quarterly results as a combined entity. ViacomCBS' earnings report showed a loss in video subscribers which is certainly pressuring the company's growth profile, Greenfield said on CNBC. While this could be attributed to the ongoing cord-cutting trend, there is a bigger concern that goes unaddressed and relates to management's own streaming service.
Twitter is rolling out a "continue thread" button, ViacomCBS has big plans for its streaming service and Morgan Stanley acquires E-Trade. Twitter is adding a new feature for mobile users to make it easier to link dispersed tweets together. Per 9to5Mac, the feature — which Twitter tweeted about yesterday — is slowly rolling out to its iOS app.
The company's revenue and free cash flow guidance for 2020 was "a bit shocking" and lower than Wall Street expected, said Daniel Kurnos, analyst at Benchmark Company. The merger reunited media mogul Sumner Redstone's entertainment empire and brought Showtime networks and CBS News under the same roof as Nickelodeon, Comedy Central and Paramount movie studios. ViacomCBS also revealed plans to create a new streaming video service built off of its existing CBS All Access service that will offer free, paid and a premium tier subscription service.
CBS All Access, the streaming service now owned by ViacomCBS following the merger, is expanding. Announced today as part of the company's otherwise underwhelming Q4 earnings, the plan is to launch a new "broad pay" streaming service that will include CBS All Access content along with other ViacomCBS assets in film and TV to complement the company's existing free streaming service Pluto TV and premium network Showtime. The company believes this three-tiered strategy of free, broad pay and premium content will help it to better acquire market share in the increasingly crowded streaming space, while also helping improve metrics around subscription acquisition, churn and lifetime value by offering promotions and bundles.
ViacomCBS paints a bright picture in its first quarterly results and as a re-coupled conglomerate, but investors see the newly merged company's numbers differently.
ViacomCBS (VIAC) delivered earnings and revenue surprises of -30.71% and -6.53%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
In its first post-merger earnings reveal, ViacomCBS posts a fiscal fourth-quarter loss as tie-up costs offset stable revenue, prompting a share selloff.
Consolidation in the entertainment business has left smaller media groups seeking safety in scale. Bob Bakish, the former chief executive of Viacom who now leads ViacomCBS, laid out plans for the coming year, extolling the environment in which “demand for content has never been higher”.
With the arrival of legal sports betting outside Nevada, nearly every major player in sports media has paired with a sportsbook operator.
The Paramount flick outpaced "Pokémon Detective Pikachu" to set a new opening high for a video game adaptation.
ViacomCBS' (VIAC) fourth-quarter fiscal 2019 results are expected to reflect benefits from a strong content portfolio and a solid portfolio of streaming services.
ViacomCBS (VIAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
ViacomCBS is partnering with William Hill, giving the media giant's CBS Sports unit access to the U.K. sports-book operator's betting odds and other gambling data.
ViacomCBS shares were cut to neutral from buy at Credit Suisse, which cites the media company's second downward revision of cash flow since the CBS merger was announced.
ViacomCBS says former NBCUniversal executive George Cheeks will take over as president and CEO of CBS Entertainment as of March 23, replacing Joe Ianniello.